Alphamin Sets Record 2025 Tin Output, Lifts EBITDA Guidance and Targets Higher 2026 Production

Alphamin Resources ( (TSE:AFM) ) has provided an update.

Alphamin Resources reported record tin production for the 2025 financial year, delivering 18,576 tonnes of contained tin, a 7% increase on 2024 and broadly in line with revised guidance, despite a temporary production halt in March 2025 due to security issues. Fourth-quarter production of 5,008 tonnes met the company’s 5,000-tonne quarterly target, while tin sales closely tracked output at 18,638 tonnes for the year. Stronger volumes and a 13% rise in the average achieved tin price to US$34,388 per tonne underpinned an estimated 25% jump in full-year EBITDA to US$341m, aided by the ramp-up of the Mpama South expansion completed mid‑2024. Looking ahead, Alphamin is guiding to approximately 20,000 tonnes of contained tin production in 2026 and continues to advance its exploration programme, although rising tin prices and higher diesel taxes in the DRC are pushing up all-in sustaining costs through increased royalties, export duties and other off-mine charges. The company also announced CEO retirement and the appointment of a new CEO and CFO, signalling a leadership transition as it enters its next phase of growth.

The most recent analyst rating on (TSE:AFM) stock is a Buy with a C$1.50 price target. To see the full list of analyst forecasts on Alphamin Resources stock, see the TSE:AFM Stock Forecast page.

Spark’s Take on TSE:AFM Stock

According to Spark, TipRanks’ AI Analyst, TSE:AFM is a Outperform.

Score is driven primarily by strong financial performance (profitability, low leverage, and rising free cash flow). Valuation also supports the rating with a modest P/E and high dividend yield. Technicals are positive trend-wise but tempered by overbought momentum signals (high RSI/Stochastic), which adds near-term volatility risk.

To see Spark’s full report on TSE:AFM stock, click here.

More about Alphamin Resources

Alphamin Resources is a tin producer listed on the TSX Venture Exchange and JSE AltX, operating primarily through its majority-owned subsidiary in the Democratic Republic of Congo. The company focuses on high-grade tin mining and processing, with production expanded in recent years following the commissioning of its Mpama South project, positioning it as a significant supplier in the global tin market.

Average Trading Volume: 850,640

Technical Sentiment Signal: Buy

Current Market Cap: C$1.68B

For an in-depth examination of AFM stock, go to TipRanks’ Overview page.